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Netcare’s 2020 earnings plummet due to Covid-19

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Netcare’s 2020 earnings plummet due to Covid-19 🔒

Netcare hospital group estimates that it has lost about R3.7bn in revenue due to the coronavirus pandemic, which saw it focus on treating Covid-19 patients and cancelling non-emergency surgeries.

Its headline earnings per share, a measure of underlying profitability, may drop to between 0c to a loss of 8c, it said in a trading statement on Thursday...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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